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With the condition that P < AC but P = AVC, the firm is indifferent between continuing its operation and shutting down because either would result to a loss equal to the total fixed cost. To illustrate, suppose the price per hour of rental in our computer rental shop dropped to P20/hr. With a total revenue of P10,000 (P20 X 500), the shop will be able to pay all the variable cost if it continue operating and suffer a loss of P4,200, the amount of total fixed cost...
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With a total revenue of P10,000 (P20 X 500), the shop will be able to pay all the variable cost if it continue operating and suffer a loss of P4,200, the amount of total fixed cost. If it happens that the decide to shut down operations, it would still incur the same amount of loss of P4,200.
c. When P < AC and P < AVC, the firm will be better off shutting down its operations and suffer a loss equal to total fixed cost...
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